Whenever Bitcoin crossed 70k+ and reached its All-Time High, why did the market take such a big dump from there? I did proper research on this and I'm sharing it with all of you so that you can learn something. Firstly, there's a heavy resistance level there that everyone knows about. Secondly, whenever the market reaches this level, everyone opens a long trade with high leverage, leading to manipulation for managing interests. Any news that comes out causes a big dump in the market.
Let me tell you one thing, for those who have shorted Bitcoin from the 38k to 30k levels, especially those with big wallets, their liquidation is above 82/85/90k$. The market needs to reach this level, but it will trap the new retailers. It will give a dump around 44k to 46k$, causing panic selling among these retailers. After that, the real bull run is expected to start around mid or end of September. We might see a rally in altcoins then. Whats your opinion Comment Down ☺
SUI is currently trading at the $3.72 level, and SUI can drop further here. The short-term support for SUI is $3.6, which is a best buying range. From here, you can plan your buying and manage your trade accordingly.
HBAR current price is around $0.085, and HBAR can easily pump further to $0.098 as it is showing strong momentum. Additionally, its short-term support should also be noted, which is around $0.078.
XRP is currently around $1.02, and we could see a breakdown due to it being overbought. Additionally, if you look at the on-chain data, significant XRP transfers have been made by whale wallets, likely for selling purposes. This indicates we may see a correction.
Everyone is buying it in FOMO right now, which could further contribute to the correction. I’m targeting $0.97 as a short-term level, but my mid-term target remains $0.85 for XRP shorts.
BTC's current price is around $89,200. If we talk about its next update, BTC could give a dip to around $86,000 to $85,500 in the short term. There are a lot of high-leverage traders whose liquidation is stacked here, so the market could come down to this level to liquidate them. This is a short-term support level.
From here, a reversal in BTC could form, taking us to the $93,000 to $95,000 levels. By following these levels, you can easily manage your capital.
The current price of WIF is around $4, and its short-term support appears to be around $3.5 to $3.6. We could see a reversal from these levels, with our DP between $5.1 and above its all-time high. We can expect a good pump here, mainly because there’s been substantial buying from whale wallets, creating strong buying pressure. By following these levels, you can effectively manage your trade.
Pros coin recently saw a good pump due to strong collaboration and support from major wallets. The current price is around $0.90, and it has dipped from almost $1.1. I think it might give us a wick between $1.2 and $1.3, where we could see profit-taking from large wallets, and after that, we might see another dip. These are some levels to watch, and its short-term support has been around $0.8 to $0.85. By following these levels, you can manage your trade.
I’ll share an update with you on NEIRO. Its current price is around $0.0022, and today it faced rejection from $0.0029. The next support level is $0.0021; if this support holds, that’s good. However, if this support breaks, we could easily see a dip down to $0.00195. These will be some retracement levels, and from here, we might see a bounce back. By following these levels, you can manage your trade and plan for possible buying opportunities again.
Ethereum' current price is around $3200. Speaking of its next update, I'm quite bullish on Ethereum. You can see that there's been strong buying activity in whales' wallets for Ethereum, and investors are showing significant interest with substantial buying happening. We can easily see Ethereum crossing $4,000 this month. In the short term, its support level is $3,070, which has been its short-term support. These are some levels that can help you manage your trade easily, and you can check our previous updates shared with you. InshaAllah, you can check our previous updates too.
In this post, I’ll share GOT coin’s trade setup with you, so make sure to read this post carefully. I’ll share it level by level, and after that, you have to make your decision. This is not financial advice. Currently, its price is around $0.83. There’s a good chance the market will retest $0.95, and from there, we might see a reversal back to $0.8.
So this is the trade setup. Personally, I’ll take a short trade and won’t go for a long position at this time. But my short won’t be too long; my TP will be around 5-7 cents. You can manage your SL as per your preference. For example, if your entry is around $0.97, your SL should be $0.99 or $0.98, and your TP should be around $0.8 to $0.82. This is the trade setup, and you can manage it accordingly.
POP current price is around $1.79. I’ll share its next update with you. As I mentioned in the chart, $1.43 is a strong support level for it. There are quite a few chances that the market might retest this level, as there is significant liquidation for long positions. The resistance level is around $1.91. These are some levels you can follow to manage your trade. $1.43 is a good support level, so you can manage your trade accordingly.
BTC is currently trading around $88k, and we might see a dump as there hasn’t been any correction yet, which could be due at this level. Our first support is at $86,100; if this breaks, then we could see the $83,800 level. These are some levels, and BTC will trade between them.
BTC current price is around $79,600, and it was recently rejected from nearly $81,000. From here, BTC might take a dip, possibly retracing to $78,200, which would be a healthy sign for the market. If this support breaks, we could see a dip down to $77,000, which is expected.
Floki current price is around $0.000174, and it has followed our trend line perfectly, breaking out with a good pump. The next support we might see is around $0.000165; keep in mind, this is a short-term support level. Personally, I am bullish on Floki, but we should keep these supports in mind. The selling zone is up to $0.000195.
The current price of EOS is around $0.59. It has also made a good move with ETH, breaking out. Its levels will also change, which I will share. For now, the short-term support is at $0.548. From here, you can plan to buy again, and the selling zone is $0.632. By following these levels, you can manage your trade accordingly.
Doge current price is around $0.274, and as per the update provided, the market has moved accordingly. Next, we might see a low here because those who bought from the bottom will start taking profits. You can easily see a dip around $0.265 to $0.259. By following this support, you can set up your trade accordingly.
Neiro is currently trading at $0.00232, and it could take a dip from here in the short-term timeframe. The first support level is at $0.00221, and we could see Neiro reaching this level, as many long positions are open. The market might target this level to liquidate those positions.
Bonk current price is around $0.000027, and it is trading in a good zone. We could see good movement in Bonk, and it could easily reach $0.000035 by next week. We'll keep the short-term support at $0.000021.
Vanry current price is around $0.085, and it's forming a strong breakout. It could continue to pump, with a short-term target of $0.097. Your short-term support should be around $0.081.
Rose current price is around $0.0805, and it made a strong move with the market today. Rose's short-term support is around $0.051, and from here, we could see a price reversal. It may pump further, with the next target at $0.101, which I personally expect.